Question

Hello-
I have a few questions if anyone can help me out. First, I'm wondering the difference between FICO and FAKO? I ordered my credit reports from Experian, and there is a drastic difference between the three. How accurate is this?

EX - 702 EQ - 565 TU - 705
CK is listing 635 (I understand this is a guestimate based on the info being reported)

A 140pt difference seems absolutely insane to me.

Next question - my husband has a medical bill in collections. I called the agency inquiring about this, and the man I spoke to was a real piece of work. He demanded immediate payment, and would not negotiate on the amount. Being that I have no idea what this collection is for, I wrote a letter asking to stop all phone communication and asked that all communications be made in writing. I asked for validation of the debt, including what it was for, what the insurance paid, what we paid (if anything) and what the current balance is. All of which I am entitled to know if they're asking me to pay $758 for something I know NOTHING about.
This must have ****ed the collector off because he then added it to my credit report. (****)
My question is - the account is being listed as "Closed" on my report. Why would he add this to my credit report as closed? I'm now wondering what the status is, but do not want to call this *******.

My concern is that he is going to try to put a judgment against me to collect this because I ****ed him off asking for validation. I believe that because it is being disputed he has no authority to transfer, or put a judgment out, is that correct?

All Responses

Re FICO vs FAKO, I usually subtract 40 points from any score other than FICO and assume that is about where my FICO is. No exact science to it at all. Everyone that has a credit scoring model does that so they can make money off consumers. To find out your true FICO score, you can purchase it from www.myfico.com.

Re medical collection - check your state's Statute of Limitations to see if they can legally sue you (they usually don't do a judgment for anything less than 2K, not worth the expense & hassle of filing) - you can Google that. I think you've taken the best steps so far, I would suggest you visit ftc.gov and consumerfinance.gov and file complaints against that collection agency as well. Keep up the good work!

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